Nasdaq(US:NDAQ) Thenewswire·2025-04-22 12:05Core Viewpoint - Femto Technologies Inc. has implemented a 1-for-500 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split became effective on April 22, 2025, and was approved by the board on April 10, 2025 [1]. - Following the split, the number of issued and outstanding subordinate voting shares decreased from approximately 299,848,784 to about 599,697 [4]. - The trading of subordinate voting shares will continue under the symbol "FMTO" with a new CUSIP number 31447N303 [2]. Group 2: Impact on Shareholders - Every 500 subordinate voting shares will be combined into one, with fractional shares rounded down or up based on specific criteria [3]. - The reverse stock split will uniformly affect all shareholders without altering their relative interest in the company's equity, except for adjustments related to fractional shares [3]. Group 3: Company Overview - Femto Technologies Inc., formerly known as BYND Cannasoft Enterprises Inc., is a public company focused on female wellness and has developed the Sensera product [5]. - The company's Smart Release System (SRS technology) is recognized in the CES Innovation Awards® 2025 in the AI category [5]. - Current devices are in the early development stage and will require testing and regulatory approvals before market release [5].